Here's the breakdown of each scenario:Sell: I bought the house less than a year ago for 150K haven't built much equity, it's a city neighbohood where comparable homes can range from 100k-200k.

He was able to provide me with some town houses, condos, and a SFH in that price range from the MLS.

@Claire Batraville, there looks to be enough Fort Lauderdale properties coming up on Zillow.com in that price range for it to be do-able, though you are unlikely to get a super bargain given that your mom needs to "sign-off" on it as it were.

Since you're in the learning phase & your long term goal is to own several properties then start reading up on Series LLCs (unique to Illinois & other states) along w/ Land Trusts.  

I have that all down (buy-and hold, type(s) of property, $ range for initial investment, etc.).  

In reality, it's 3 days of marketing designed to hook you into one of the "training" packages they will hit you with the third day ranging from $4,997 all the way up to $24,997.The spell will be broken when you have maxed out your credit cards and exhausted your savings without ever learning enough to do one deal.Don't get me wrong.  

In addition, HMLs will charge you interest per month (holding costs) ranging anywhere from 9% - 18% along with "points" (origination fee) - 1 point is equivalent to 1%.With that said, nowadays, most HMLs require you to have some type of "skin in the game" or a downpayment on the loan so the HML doesn't have to take on all of the risk.

I was able to purchase it with very little down (under $3,000).I have found 2-3 unit properties in the $200k-$300k range.

I currently own a second house upstate in the Hudson Valley in a unique cooperative among 75 other houses but shares in the land.

There are twice annual membership dues to the cooperative which pays for community expenses such as groundskeeping or taxes, and the coop itself has a positive cash reserve.We currently have 4 houses up for sale ranging in price from $75,000 to $210,000.